Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-10-09
NEW YORK LETTER.
A VARIETY or Irxxs GATHERED IN
~ GOTHAM.
Some stock Exchange Trcopsrs-A Hev
SveHture-A Few OF the Rich
Journalistic.
.r.,orre.nondenre q the Ricnmond pI.patch.l

fined 10 board-room operators and a
few others-we hear considerable OF a
class Of spectators not known to the
general public, though in certain
sense they are Of no little importance.
They are the lesser gods of the specu-
lative Olympus. At times they bring
an anxious look to the face OF the
greater powers. Commodore Arthur
Pateman is much better known than
some Of the others and need not now
he dwelt upon. Thomas w. Pearsall
has been identified with big opera
tions on the beer side OF the
market. but is understood TO lean
10 the other side now. He is about fiji
" years Of age, pleasant IN manner,
and a sbrevd operator. When Msn-
haitian was worth little or nothing he
was sharp enough to load up with It,
and he made million, il isunderstood,
on the big rise before the collapse some
time ago. He got into Richmond Ter
= minal on the ground floor year or so
AGO. and is said to have made another
million in that deal, IS well as censide-
rable in Canadian Pacific and Manitoba,
in which roads he is o director, as he IL
also. / believe, in The Richmond and
Dsnville. Clearly he is an operator Of
no small importance in Wall street
Addison Cammack is indisputably q
speculative power. Yet after all his
name is known to only compare
lively limited number of persons out
side of Wall street. He is about
sixty years of age, has a young
wife and baby, is worth. according to
various estimates, from S5,0OO,0O to
10000, 600, and is said to have once
lent jay Gould, when in q tight spot,
$1,000, 600 without so much as a scrap
of paper as security. He is very stiff
in his manners, used to be in business
at the South, was interested in blockade
running during the war, went to Liver
pOol after the war and engaged in the
cotton business, returned to this coun-
try, was pardoned 10y President John
son, went into the liquor business in
New York, joined the late Charley Os-
born-tbe only broker who kept well
ahead of Jay Gould in retaining the
commissions received from him-and
ultimately embarked in speculative en-
terprises on his own account, and seems
to have been very successful. He pays
literally for advance information of
events likely TO influence the stock
market, and always seems to know
beforehand Of any important railroad
strike. He has even been accused at
times of fomenting strikes, notably at
st. Louis year or so ago, when he
was q bear on stocks and would natu-
rally be benefited by a strike. lie Is
said to have influenced labor leader
to keep up the strike after MIR. Powder
" had declared against it. There is q
financial prophet named Benner, who
shows q genius in the matter OF rail-
road statistics and stock prices and who
tries to predict the financial weather,
OF in other words, the stock fluctuations
for years ahead. His book OF prophe-
sizes is as n lamp to the feet OF
rough old Addison Cammack as he
treads the speculative labyrinths. No
Mussulman regards the Koran with
greater veneration than this hard
headed old cavalier regards this book
OF books, the twaddle of Benner.
Achilles, it is rumOred. was vulnerable
in his heel, and Cammack, the sulker
of Wall street, has soft, mellow-llke
spot In his otherwise hard, round head.
A dALLoPING TROOPER.
Harvey Durand is one of the gallop-
inc troopers of the stock market. He
used TO be small scalper, but some
lucky turns on the bull side have made
him an operator of some prominence.
He is forty years old, short, broad
shouldered, wears full beard, and
parts it in the middle.
Henry Hart, who has just been sum-
marily elected from the presidency OF
the Pacific Mail Steamship Company to
give place to young George Gould, has
limited his operations in Wall street
mainly to the stock of that corporation.
He tried Chatham-street trick on Jay
Gould in the previous election OF OIL
GERS of the Pacific Mail, and while
holding out the presidency of the com
pany as bait to young Gould quietly
appropriated it for himself. He deposit'
ed his squat unctious person in the presi-
dental chair with leer and wink and
enjoyed the joke hugely until he found
that Papa Gould would not allow his
son to remain in the directorate to
which he had been elected, and that
TIE elder Gould was after his scalp with
ecalpine-knife of razor edge. Hart
bad hig block of Pacific Aail, which
somehow kept declining in value after
be became president. In vain did he
popper Wall street with bull points on
the stock it sank lower and lower, and
Hart's profanity and obscene illusions
TO Gould could not stop it. He was
finally driven TO despair, and
resigned the presidency to save him
self. Taken altogether, he is a unique
figure in Wall street. He used to be =
pawnbroker, and is now worth s., 900,
eco or sc, goo, 600. He is noted for his
coarse maDners, filthy language, aud
financial keenness. be will go into
Russell Sage's Office and ask the clerks,
els old Sage in 2" or "Where the h
is old Sage?" His coarse remarks to
Sidney Dillon on one occasion nearly
gave that amiable old gentleman n fit.
HIS reference TO Gould as the swiniling
offspring OF female animal OF the ca
nine species long ago ceased to be no.
yelty.
j. Rogers Maxwell, president OF the
New Jersey Central railroad and who is
a director in the Long Island, the Ohio
Southern, and the Indiana, Blooming
ton and Western roads, has attained
some prominence in the speculative
arena. He is a square man, shrewd,
and well liked.
James b. Houston, ex-president o.
the Pacific Mail Company, keeps In the
background, but is associated with
Thomas Pearsall He came originally
from Washington, but passed some
years on the sea. he was stationed a
Aspinwall for some years and is familiar
with the whole Panama region. Hc
knows all about the trade OF the great
Southwest. He is worth half million
won mainly by strict attention TO the
affairs Of the Pacific Mail and judicions
operations in its stock. He is not q
man of exceptional ability, but has moi
little "horse sense" and is considered
faithful to official trusts confided to hi'
care. He is greatly interested il